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(Reuters) – GOLDMAN SACHS: Estimate downside risks to crude prices, and especially refined oil product prices, if sanctions on Russia’s oil sector were to be lifted Says its base case still assumes a status quo for sanctions on Russian oil, an extension of the recent downward trend in Russia production, and a decline in brent/WTI …
(Reuters) – BP’s 440,000-barrel-per-day oil refinery in Whiting, Indiana, has returned to normal operations following a planned maintenance turnaround in September and a fire in October, two sources said. The largest refinery in the U.S. Midwest returned to normal operations early this week, the sources said. A BP spokesperson declined on Wednesday to comment on …
BP’s Whiting Refinery Returns to Normal Operations After October Fire Read More »
(Reuters) – U.S. natural gas futures climbed about 3% to a one-week high on Wednesday on record flows to liquefied natural gas (LNG) export plants, the expiration of a lower-priced contract, forecasts for colder weather and higher demand, and a bigger-than-expected storage withdrawal. Limiting gains were record output, ample amounts of gas in storage and …
US Natural Gas Futures Climb 3% on Record LNG Flows, Colder Forecasts Read More »
(Reuters) – U.S. crude stocks climbed as imports rose to an 11-week high, the EIA said on Wednesday, while fuel inventories also increased as refining activity ticked higher. Crude inventories climbed by 2.8 million barrels to 426.9 million barrels in the week ended November 21, the EIA said, compared with analysts’ expectations in a Reuters …
US Crude Stocks Climb as Imports Hit 11-Week High, EIA Says Read More »
Bloomberg News Canadian Prime Minister Mark Carney said his government is negotiating an agreement with Alberta that “creates necessary conditions” for the future construction of a new oil pipeline to Canada’s west coast. A project that allows western Canada to ship crude via tanker to overseas markets is one of the main requests of Alberta Premier Danielle …
Ron Bousso (Reuters) – Europe’s gas market is far calmer today after years of turmoil that saw the region swap Russian supplies for liquefied natural gas (LNG) imports, a strategy that is unlikely to change even if U.S. President Donald Trump brokers a peace deal in Ukraine. The White House is pushing Moscow and Kiev to agree to a plan to …
Don’t Expect Ukraine Peace Deal to Alter Europe’s Gas Gameplan Read More »
(Reuters) – U.S. LNG producer Venture Global accused Shell of waging a “three-year campaign” to damage its business after Shell appealed an arbitration loss, according to a staff note confirmed by Reuters on Wednesday. Venture Global has faced arbitration claims from Shell, BP and other European buyers alleging contract breaches after the company sold LNG on the spot …
Venture Global Accuses Shell of Campaign to Harm LNG Business Read More »
Venture Global said on Tuesday it has signed a 20-year sales and purchase agreement, or SPA, with Japan’s capital city gas supplier, Tokyo Gas, to supply it with 1 million metric tonnes per annum of liquefied natural gas, starting in 2030. The agreement marks Venture Global’s fourth long-term contract with a Japanese company and the …
Venture Global, Tokyo Gas Sign 20-Year LNG Supply Deal Read More »
LONDON, Nov 25 (Reuters) – OPEC+, which pumps about half the world’s oil, has paused oil output hikes for the first quarter of 2026 after releasing some 2.9 million barrels per day into the market since April 2025. The group still has about 3.24 million bpd of output cuts in place, representing around 3% of …
Explainer: OPEC+ Policies of Oil Output Hikes and Cuts Read More »
By Kari Lundgren Equinor ASA will drill about 26 wildcat and appraisal wells off the coast of Norway in 2026, mostly in the country’s North Sea, as the company looks to spend $6 billion a year over the next ten years to maintain the flow of oil and gas to Europe. Norway’s biggest oil and …
Equinor to Drill 26 Exploration Wells Off Norway Next Year Read More »
